S&P Global Inc. (NYSE:SPGI) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 558 shares of the business services provider’s stock after selling 22 shares during the quarter. Wrapmanager Inc.’s holdings in S&P Global were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC increased its position in shares of S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. FMR LLC grew its position in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after acquiring an additional 26,300 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPGI shares. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Price Performance

SPGI stock opened at $533.80 on Wednesday. The business has a 50 day moving average price of $511.35 and a 200 day moving average price of $510.09. The stock has a market cap of $164.30 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the business earned $3.13 earnings per share. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s payout ratio is presently 31.09%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.